GITNUX MARKETDATA REPORT 2024
Neobank Industry Statistics
The neobank industry is experiencing rapid growth worldwide, with a significant increase in digital banking users and investment in technology.
In this post, we will explore key statistics and trends shaping the neobank industry, providing valuable insights into its rapid growth and global impact. From the staggering market size projections to the emergence of leading players in various regions, the dynamic landscape of neobanking continues to evolve, fueled by technological advancements and changing consumer preferences. Let’s dive into the data to gain a deeper understanding of this disruptive sector.
Statistic 1
"Global neobank market size was valued at USD 18.6 billion in 2019."
Statistic 2
"The neobank market is projected to reach USD 722.6 billion by 2028."
Statistic 3
"The neobank market is expected to grow at a compound annual growth rate (CAGR) of 46.5% from 2021 to 2028."
Statistic 4
"As of 2020, Europe has the highest number of neobank operating with 216 institutions."
Statistic 5
"39 million people in North America used at least one neobanking service in 2020."
Statistic 6
"Neobank Chime has over 8 million customers as of 2020."
Statistic 7
"London has the highest number of active customers for fintech and neobank at 5.4 million as of 2020."
Statistic 8
"Neobanks served 39 million users in North America in 2020."
Statistic 9
"The neobanking market in Latin America is growing rapidly with an estimated 110 neobanks operating in the region as of 2020."
Statistic 10
"The UK’s neobanks are forecast to triple their customer base from 20 million to 60 million by 2026."
Statistic 11
"The UAE has seen an 8% increase in demand for neobanking products in 2021."
Statistic 12
"The US-based Varo Bank, a neobank, received a banking license in July 2020."
Statistic 13
"Australia's leading neobank, Xinja, decided to return its banking license and exit the sector in 2021."
Statistic 14
"In 2020, Indian neobank Open recorded a 326% growth in revenues."
Statistic 15
"Latin America's leading neobank, Nubank, has over 40 million customers as of 2021."
Statistic 16
"In 2020, neobanks accounted for 26.5% of global venture capital investments in fintech."
Statistic 17
"Despite the COVID-19 pandemic, there was a 15% increase in the number of neobanks globally in 2020."
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